Contact a Loan Specialist Now
ERIK ADAMS
781.478.3653
EBERTO RANERO
781.478.3652
LAURA BROWN
781.478.3669
HEATHER STORME
781.478.3667
98% of businesses in New England
meet the basic eligibility requirements for SBA 504 financing.
ABOUT SBA 504 LOANS
Learn everything you need to know about this unique financing program.
ELIGIBILITY GUIDELINES
Review loan guidelines and use our online tools to check eligibility.
DEBENTURE RATES
See the current and historical debenture rates.
Loans to Small Businesses
Total Project Financing
Jobs Created
What’s the deal?
Borrowers can obtain up to 90% financing, with up to 40% from Bay Colony at a 10, 20 or 25-year below market fixed rate and 50% from the participating lender at a conventional market rate.
Who can borrow?
What can the money be used for?
How large (or small) could the project size be?
Why Bay Colony?
Where is financing available?
Recently Funded Projects
Loans Funded October 2023
Loans funded in October 2023 ranged from $101,000 to $1,148,000 and provided assistance to businesses located in Billerica, Shrewsbury, North Andover, Haverhill, Norwood, MA, as well as Cranston and Cumberland, RI, Nashua, NH and Windsor Locks, CT. The projects will contribute to the creation of 27 Jobs.
Loans Funded September 2023
Loans funded in September 2023 ranged from $133,000 to $3,001,000 and provided assistance to businesses located in Hingham and Hyannis, MA, as well as West Greenwich, RI, Keene, NH and Brooklyn, CT. The projects will contribute to the creation of 22 Jobs.
Loans Funded August 2023
Loans funded in August 2023 ranged from $227,000 to $1,764,000 and provided assistance to businesses located in Lynn, Boston, Franklin, East Boston, Sandwich, MA, as well as Newport, RI. The projects will contribute to the creation of 19 Jobs.